Ceylon isn’t Java, it’s a new language that’s deeply influenced by Java, designed by people who are unapologetic fans of Java. Java’s not dying anytime soon, so nothing’s killing it.
(Full Story: Gavin King – “Ceylon isn’t Java”)
According to the slides, the Ceylon Project aims to create a programming language and SDK for business computing, designed with an eye to the successes and failures of the Java. It is built to run on the JVM, uses static typing, and supports high-order functions, while maintaining a strong focus on being easy learn and easy to read.